Meridian, MS (PRWEB) March 29, 2010
While 2009 was filled with headlines of big bank failures, government bailouts, and financial crisis, community banks are still urging consumers to take a stand against the big banks and let their voice be heard.
A group of individuals recently came together to create a 4-minute You Tube video that is at the center of this grassroots effort and which incorporates footage from the 1946 classic movie, “It’s a Wonderful Life.”
A website was also launched to help get the word out and urge consumers to move their money out of the big banks and into smaller, community oriented banks. That URL is http://www.MoveYourMoney.info.
Archie McDonnell, Jr., President and CEO of Citizens National Bank, a community bank headquartered in Meridian, Mississippi, says the movement is “making waves nationally, and has grown dramatically since this past Christmas.”
“People have had enough of the big banks,” he said. “These banks have repeatedly hit their customers with excessive interest rates on their credit cards, and taken part in risky lending practices, while their top executives paid themselves big bonuses. Then, when times got tough, these banks turned to the federal government to bail them out.”
“Consumers are waking up and realizing that they can do their part to change things. They can vote with their money, so to speak, and choose to move their money,” McDonnell said.
“Community banks are the cure for this greed that has spun out of control,” McDonnell said. There are still more than 8,000 community banks in this country that are good stewards of their depositors’ money and reinvest money locally,” McDonnell said. “Community banks are by the people, for the people, and invest back into local communities,” he said.
To learn more about the Move Your Money campaign, you can also log on to the home page of Citizens National Bank’s website: http://www.YourCNB.com.
Citizens National Bank is an independent community bank founded in 1888, which has 27 locations across the state of Mississippi, including, Meridian, Ridgeland, Flowood, Madison, Philadelphia, Quitman, Laurel, Waynesboro, Hattiesburg, Columbus, Macon, Kosciusko, Carthage, Olive Branch, and Southaven.